Guideline Value

Corporate

Guideline Value for Amal Nagar

₹990/sq.ft.

The guideline value for Amal Nagar in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹120 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Amal Nagar

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Amal Nagar guideline value

The current guideline value of Amal Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Varadarajapuram village under the Padappai Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Amal Nagar has changed

The guideline value for Amal Nagar has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 120 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking a rise of 650%. However, in the 2017 revision, the value decreased to Rs 603 per sq.ft, a drop of 33%. The 2023 revision saw a substantial increase to Rs 900 per sq.ft, and the most recent 2024 revision has set the value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From the 2007 revision to the current 2024 revision, the overall change in guideline value is an increase of 725%. The changes between the revisions highlight the fluctuations in property values over time, with the most significant rise occurring from 2007 to 2012.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, positioning Amal Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Amal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total fees together Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amal Nagar?

The Sub Registrar Office that covers Amal Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Varadarajapuram

The guideline value plays a crucial role in the registration process of property transactions in Varadarajapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Amal Nagar?

The current guideline value of Amal Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant increase occurring from Rs 120 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, an overall increase of 725%.

What is the land classification of Amal Nagar?

Amal Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Amal Nagar?

The Sub Registrar Office for Amal Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for property in Amal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 9,90,000 would incur a stamp duty of Rs 69,300 at 7%.